Analysts Set Castlight Health Inc (CSLT) PT at $5.20

Share on StockTwits

Shares of Castlight Health Inc (NYSE:CSLT) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $5.20.

Separately, Zacks Investment Research cut Castlight Health from a “buy” rating to a “hold” rating in a research note on Friday, March 1st.

In related news, EVP Neeraj Gupta sold 8,738 shares of Castlight Health stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $3.61, for a total transaction of $31,544.18. Following the sale, the executive vice president now directly owns 275,255 shares in the company, valued at $993,670.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John C. Doyle sold 22,956 shares of Castlight Health stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $3.13, for a total transaction of $71,852.28. Following the sale, the chief executive officer now owns 276,773 shares in the company, valued at $866,299.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,106 shares of company stock worth $287,154. Company insiders own 17.37% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Amalgamated Bank bought a new stake in Castlight Health in the fourth quarter worth about $25,000. Parametric Portfolio Associates LLC bought a new stake in Castlight Health in the first quarter worth about $63,000. BNP Paribas Arbitrage SA raised its position in Castlight Health by 847.1% in the first quarter. BNP Paribas Arbitrage SA now owns 18,174 shares of the software maker’s stock worth $68,000 after acquiring an additional 16,255 shares in the last quarter. Virtu Financial LLC bought a new stake in Castlight Health in the first quarter worth about $77,000. Finally, Two Sigma Investments LP bought a new stake in Castlight Health in the fourth quarter worth about $51,000. Institutional investors and hedge funds own 49.30% of the company’s stock.

CSLT stock traded down $0.13 during mid-day trading on Thursday, reaching $3.42. The company had a trading volume of 716,312 shares, compared to its average volume of 399,746. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.87 and a current ratio of 1.87. The stock has a market capitalization of $492.34 million, a price-to-earnings ratio of -21.38 and a beta of 1.56. Castlight Health has a one year low of $1.86 and a one year high of $5.95.

Castlight Health (NYSE:CSLT) last posted its earnings results on Thursday, February 28th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The company had revenue of $42.10 million for the quarter, compared to analysts’ expectations of $40.61 million. Castlight Health had a negative return on equity of 11.47% and a negative net margin of 23.04%. As a group, analysts predict that Castlight Health will post -0.12 EPS for the current fiscal year.

Castlight Health Company Profile

Castlight Health, Inc provides a software-as-a-service platform used for health benefits navigation for employees in the United States. Its platform matches employees to the resources their employers make available to them; managing a condition; and assists them to manage their benefits. The company also offers implementation, user and customer support, and marketplace services.

See Also: Economic Reports

Analyst Recommendations for Castlight Health (NYSE:CSLT)

Receive News & Ratings for Castlight Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Castlight Health and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Analysts Expect Bank of Hawaii Co.  to Announce $1.38 Earnings Per Share
Analysts Expect Bank of Hawaii Co. to Announce $1.38 Earnings Per Share
Soarcoin 1-Day Trading Volume Tops $220.00
Soarcoin 1-Day Trading Volume Tops $220.00
Mason Graphite  Shares Up 5.6%
Mason Graphite Shares Up 5.6%
Continental Gold  Shares Up 0.7%
Continental Gold Shares Up 0.7%
Arcus Biosciences Inc  Short Interest Update
Arcus Biosciences Inc Short Interest Update
Hancock Whitney Corp  Given Average Rating of “Buy” by Analysts
Hancock Whitney Corp Given Average Rating of “Buy” by Analysts


 
© 2006-2019 Zolmax.